Reported 4 days ago
President Donald Trump has announced a 25% tariff on auto imports set to begin on April 3, aiming to boost U.S. manufacturing jobs and expand a trade war. The tariffs will not only affect fully assembled cars but also key parts, potentially raising prices for consumers. This move is part of a broader strategy that includes additional tariffs on various goods, raising concerns about inflation and economic impacts for both U.S. and foreign automakers.
Source: YAHOO